Bridge Loan
Foreign National Loan - LG358
Foreign National Loan - LG358
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Automotive, Condo, Hotel, Mixed use, Multi Family, Office, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, SFR, Shopping Center |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 8% |
| Points Minimum 1st TD | 1.25 |
| Points Maximum 1st TD | 3 |
| Terms | 6 month, 1 year, 2 year, 3 year |
| Typical Days Required to Fund | 6-10 Business days |
| Interest Only or Amortized | Interest Only |
| Entities | Foreign Nationals |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Documents needed | Application, Bank Statements - Business Account - 1 month, Driver's license, Lease Agreements, No credit score needed, Purchase Contract, Rent Roll |
| General Pricing or Guideline info | Program Overview •Loan Amount: $75,000 - $10 Million •Term Length: 6 - 36 months •Max LTV: Up to 70% •Amortization: Interest only •Interest Rate: Starting at 7.99% •Closing Time: 5 - 7 Days •Loan Use: Purchase, refinance, cash-out, construction, renovation oreign National Loan Program A "foreign national" loan is a loan used to acquire or refinance a property when conventional financing is not available or will simply take too long to close. A hard money loan is a great fit in the following situations: When you need to close fast (in less than 2 weeks). When the property is not generating any income (not leased). When the property needs renovations. When you don't have great credit (below 620) When you can't provide verifiable income (no tax returns available). Foreign National Borrower At Capital Funding Financial, our Foreign National loans close very quickly... even in as little as 5 days! Our hard money loans require no personal income verification and very little documentation! |
| Updated as of | 2023-11-21 |
| Program Code | LG358 |
Program Overview
•Loans Amount: $75,000 - $10 Million
•Term Length: 6 - 36 months
•Max LTV: Up to 70%
•Amortization: Interest only
•Interest Rate: Starting at 7.99%
•Closing Time: 5 - 7 Days
•Loans Use: Purchase, refinance, cash-out,
construction, renovation
oreign National Loans Program
A "foreign national" loan is a loan used to acquire or refinance a property when conventional financing is not available or will simply take too long to close. A hard money loan is a great fit in the following situations:
When you need to close fast (in less than 2 weeks).
When the property is not generating any income (not leased).
When the property needs renovations.
When you don't have great credit (below 620)
When you can't provide verifiable income (no tax returns available).
Foreign National Borrower
At Capital Funding Financial, our Foreign National loans close very quickly... even in as little as 5 days! Our hard money loans require no personal income verification and very little documentation!
